Examlex
In general, an S corporation shareholder makes increasing adjustments to her basis first, followed by adjustments that decrease basis.
Red Herring
A preliminary prospectus filed by a company with details about its operations and financials, intended to gauge investor interest before a final prospectus is issued.
SEC
Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry and stock markets.
Prospectus Approval
The process of getting approval from regulatory authorities for a document offering securities or financial instruments for sale, detailing terms and conditions.
Investment Bank
An organization that assists companies in issuing securities and selling them to investors.
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